ISCA Viewpoint

IS Chartered Accountant June 2015: ASEAN Economic Community 2015

04 Jun 2015

The June issue of the IS Chartered Accountant is now available in the ISCA Members’ Portal.

ASEAN, formed in 1967, is itself proof that a bigger entity has more clout. Smaller countries in the region subscribe to this idea, which is why ASEAN is now 10-member strong, up from its original five Founding Fathers. By year’s end, ASEAN will be leveraging on the combined strength of the bloc to launch the ASEAN Economic Community (AEC). AEC is envisioned to be a single market and production base that is highly competitive and fully integrated into the global community.

The Institute, as a pioneer national accountancy body in ASEAN, has been contributing to the growth of the regional accounting profession, oftentimes taking a leading role. ISCA helmed the negotiations of the ASEAN Mutual Recognition Arrangement on Accountancy Services (MRA) – an arrangement aimed at facilitating the cross-border movement of qualified accounting professionals. ISCA members will benefit from the MRA as new markets are open to them, and demand for their professional services grows.

The cover story and AGM report highlight some of the Institute’s efforts to improve our collective influence, for the benefit of our members. Elsewhere in this issue are also timely updates and information directly relevant to your work!

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community.